Saturday, December 13, 2014

Looking back, Looking Ahead

Well, Christmas is coming, Operation Twist is coming to an end, oil is crashing, the Senate is flipping...an interesting time for the economy.  Predictions?  Pretty early to tell, but "all things being equal"--a dangerous thing to say in economics--I look for a return of the Travel and Entertainment industries at the minimum.  Look for slowly falling food prices.  Long term national debt remains a big problem, a stronger dollar could possibly help with that; however, congress would have to hold the line on spending, and that is a big if...especially when considering the spending on the new healthcare system, overseas military conflicts, and with a much needed modernization of the infrastructure coming into view.  The first and the last issues could possibly strengthen our posture for doing business in the long run, if done right--another big if, while the middle issue...well, not so much.  With an expanding global population, food, health and technology look to hold continued opportunities for investment.  Energy is a big question mark at present.  Stay current, stay real, stay true.

DT

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